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Cisco to cut 4,000 jobs Information technology giant Cisco announced Wednesday that it will cut 4,000 jobs, equal to five percent of its workforce.

15 August 2013

Rio to lay off 1,700 at Mongolia project Mining giant Rio Tinto on Thursday said it will lay off up to 1,700 staff at its huge Oyu Tolgoi copper mine in Mongolia after a more than US$5 billion expansion was halted.

15 August 2013

US sues to block US Airways-American Airlines merger The US Justice Department and several states sued Tuesday to block the $11 billion merger between American Airlines and US Airways, saying it would reduce competition and push up fares.

14 August 2013

Facebook to buy firm specializing in voice translation Facebook has agreed to acquire Mobile Technologies, a firm specializing in voice translation software, the two companies said Monday, without providing financial details of the transaction.

13 August 2013

Brazil energy giant paid bribes to parties: press Brazil's state-run energy giant Petrobras funneled kickbacks to officials from political parties.

12 August 2013

Kazakhstan paper producer Kagazy freezes former managers' assets Assets of two former heads of Kazakhstan Kagazy have been frozen around the world under the company’s request.

09 August 2013

Airbus complaint against Boeing ad dismissed Boeing did not mislead readers of a trade magazine when touting the advantages of its 747-8 jumbo jet over rival Airbus' A380 model.

08 August 2013

China fines baby formula firms $108 million for price-fixing: Xinhua China has fined six mostly foreign baby formula companies a total of $108 million for price-fixing.

07 August 2013

Amazon's Bezos buys Washington Post for $250 mn The Washington Post, the legendary newspaper that broke the Watergate scandal, is being sold to Amazon founder Jeff Bezos as it seeks to survive the onslaught of the Internet.

06 August 2013

Virgin Australia expects loss of $98 mln for year Virgin Australia said Monday it was expecting a full-year loss of Aus$95-$110 million (US$84-98 million).

05 August 2013

New York Times sells Boston Globe to baseball team owner The New York Times Company announced Saturday that it has agreed to sell The Boston Globe newspaper for $70 million cash to the principal owner of the Boston Red Sox baseball team.

05 August 2013

US antitrust regulators bid to rein in iTunes The US Department of Justice on Friday launched a bid to more tightly regulate Apple's wildly lucrative iTunes storefront, after the tech giant lost a price-fixing case.

03 August 2013

Yahoo buying binge continues with Rockmelt deal Yahoo on Friday said it bought social web-browsing startup Rockmelt, extending a buying spree started shortly after Marissa Mayer became chief last year.

03 August 2013

Australian mine firm guilty of Aboriginal site desecration An Australian mining firm was convicted Friday of desecrating a sacred outback Aboriginal site in a landmark ruling protecting the beliefs of the beleaguered minority in the country.

02 August 2013

Huawei lashes out at ex-CIA chief over spying claims Chinese telecoms giant Huawei has hit back at allegations by a former CIA chief that the company spies for Beijing, labelling them "defamatory" and "baseless".

02 August 2013

EADS to decide on Airbus name change in restructuring drive European aerospace giant EADS is set to decide Tuesday whether to change its name to Airbus, its better-known plane unit, as part of an overhaul that will also merge its defence and space units.

30 July 2013

Mobile chip giant sees smartphone surprises ahead Leading mobile phone chip maker Qualcomm said Thursday that the next generation of smartphones will take another stride forward as the company reported robust quarterly earnings.

26 July 2013

Halliburton admits destroying US oil disaster evidence Halliburton Energy Services has admitted destroying evidence relating to the devastating 2010 Deepwater Horizon oil rig disaster in the Gulf of Mexico.

26 July 2013

Raised offer for Dell hinges on change in vote process Michael Dell and his investor allies modestly boosted their buyout offer Wednesday for the struggling computer giant he founded, and asked the board to change the method for shareholder approval.

25 July 2013

Huawei spies for China, says ex-CIA chief The former head of the United States' Central Intelligence Agency Michael Hayden said Friday it "goes without saying" that Chinese telecoms giant Huawei spies for Beijing.

20 July 2013

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